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(Wireless-NewsWire.Com, September 19, 2018 ) The global Enterprise File Sharing and Synchronization (EFSS) market was valued at USD 1.45 billion in 2016 and is projected to reach USD 8.59 billion by 2025, growing at a CAGR of 24.9% from 2017 to 2025.
Enterprise file synchronization and sharing (EFSS) is a software management service that allows employees to save files, documents, photos and videos from multiple sources on premises securely, thereby allowing users to access the information needed from another device. This service is becoming more popular as organizations can use this service to ensure that employees refrain from using external file sharing apps and cannot manage cooperate data without the IT departments control.
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With the increased demand for cloud based integration, enterprise file sharing and synchronization (EFSS) fulfills this demand as well as provides a composed enterprise of file sharing and synchronization and includes the growth of BYOD adoption. These factors boosts the enterprise file sharing and synchronization (EFSS) overall market growth. Apart from these growth factors, the concern for data security is an aspect that restrains the overall growth of the market.
Competitive Landscape:
The major players in the market are as follows:
Citrix Systems, Inc.
Google Inc.
Box, Inc.
Airwatch (Vmware, Inc.)
Microsoft Corporation
Dropbox, Inc.
Syncplicity LLC
Egnyte Inc.
Sugarsync, Inc.
Watchdox Inc. (Blackberry Ltd)
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